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OTTAWA, Nov. 27, 2012 /CNW/ - Ackroo Inc. (TSX-V: AKR) (the "Company"), a loyalty and rewards technology and
services provider, today announced that it has filed financial results
for MoneyBar Rewards Inc. ("MoneyBar") for the three and six months
ended September 30, 2012.

Ackroo completed its acquisition of MoneyBar on October 1, 2012. The
information presented for the three and six months ended September 30,
2012 reflects the results and performance of MoneyBar prior to its
acquisition by Ackroo. Since the acquisition, Ackroo has expanded
operations and focused on increasing penetration of its web-based
loyalty platform, which enables businesses to increase profitability
and build long-term customer relationships through customized loyalty
and rewards programs. The financial results for the period ended
December 31, 2012 will provide a more accurate representation of
Ackroo's current operations and financial position.

"Following the acquisition of MoneyBar and the completion of our
business combination with Rare Earth Industries, our company has made
significant strides in scaling operations. Specifically, we have had
success in growing our team and forging important partnership
agreements with some of the largest payment processors and automotive
dealership agents to market our loyalty and rewards solutions across
North America," said Tyler Nelson, chief executive officer of Ackroo.
"We look forward to providing a more detailed financial and operational
review when we report our results for the following quarter."

The complete financial results for MoneyBar are available at www.sedar.com. Highlights include:

Sales of $184,029 and $375,420 for the three and six months ended
September 30, 2012, respectively;

Gross Profit of $164,843 and $300,404 for the three and six months ended
September 30, 2012, respectively;

Comprehensive loss of $926,871, or $0.01 per share, and $1,691,333, or
$0.02 per share, for the three and six months ended September 30, 2012,
respectively.

Ackroo also posted its financial statements and management's discussion
and analysis for the quarter ended September 30, 2012 on www.sedar.com. During the quarter ended September 30, 2012, which was prior to the
closing of the acquisition of MoneyBar, the company operated under the
name Rare Earth Industries Ltd. and was principally engaged in the
acquisition, exploration and development of resource properties.

About Ackroo
Ackroo enables small to medium sized businesses, independent merchants and business networks to increase profitability
and build long-term customer relationships through customized loyalty
and rewards programs. Their web-based solutions provide the power of a
massively scalable software platform in a lightweight online tool that
works with existing point-of-sale equipment, making it easy and
affordable for businesses of any size to design and launch their own
five-star loyalty program. Ackroo's online and in-store loyalty program
options provide a blend of stored value capabilities and diverse
loyalty incentives, arming businesses with their own 'private currency'
and the flexibility to create customized loyalty programs that resonate with their customers. Ackroo is headquartered in Ottawa,
Canada. For more information, visit: www.ackroo.com.

The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the
contents of this press release. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

This press release contains statements that may constitute
"forward-looking statements" within the meaning of applicable Canadian
securities legislation. These forward-looking statements include, among
others, statements regarding business strategy, plans and other
expectations, beliefs, goals, objectives, information and statements
about possible future events. Readers are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking statements
are based on current expectations, estimates and assumptions that
involve a number of risks, which could cause actual results to vary and
in some instances to differ materially from those anticipated by Ackroo
Inc. and described in the forward-looking statements contained in this
press release. No assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur
or, if any of them do so, what benefits Ackroo will derive there-from.